Iredell Council On Aging Inc
- Assets
- $1.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 40
- Location
- Statesville, NC
- Founding
- 10/1974
- Data as of
- 06/2022
- EIN
- 23-7322660
Organization Overview
Iredell Council On Aging Inc is located in Statesville, NC. The organization was established in 1974. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Iredell Council On Aging Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iredell Council On Aging Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Iredell Council On Aging Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 3.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROGRAMS FOR THE AGED
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS FOR THE AGED (NUTRITION, OUTREACH AND OPERATION OF A CENTER FOR ACTIVITIES) SCHEDULE OF PERSONS SERVED ATTACHED.
SENIOR COMMUNITY SERVICE EMPLOYMENT PROGRAM PROVIDED UNDER CONTRACT
OTHER PROGRAMS FOR SENIORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Addison Director | OfficerTrustee | 1 | $0 |
Jennifer Barraclough Executive Di | OfficerTrustee | 40 | $0 |
Pauline Biggs Director | OfficerTrustee | 1 | $0 |
Ben Garrison Chairman | OfficerTrustee | 2 | $0 |
Gale Hall Vice Chairma | OfficerTrustee | 1 | $0 |
Barbara Hoke Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $40,650 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $109,506 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,931 |
| Total Program Service Revenue | $1,614,592 |
| Investment income | $115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,900 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,811,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,340 |
| Compensation of current officers, directors, key employees. | $15,698 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $378,463 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,728 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,843 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,799 |
| Advertising and promotion | $3,676 |
| Office expenses | $8,358 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,421 |
| Travel | $33,951 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,527 |
| Insurance | $20,054 |
| All other expenses | $77,883 |
| Total functional expenses | $1,739,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,334 |
| Savings and temporary cash investments | $358,717 |
| Pledges and grants receivable | $292,989 |
| Accounts receivable, net | $40,650 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,907 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,243 |
| Net Land, buildings, and equipment | $341,966 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,409,806 |
| Accounts payable and accrued expenses | $25,334 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $65,375 |
| Total liabilities | $90,709 |
| Net assets without donor restrictions | $1,278,447 |
| Net assets with donor restrictions | $40,650 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,409,806 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iredell Council On Aging Inc has recieved totaling $43,750.
| Awarding Organization | Amount |
|---|---|
United Way Of Iredell County Inc Statesville, NC PURPOSE: GENERAL SUPPORT | $43,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mountain Empire Older Citizens Inc Big Stone Gap, VA | $8,808,055 | $17,898,946 |
Wellmont Wexford House Johnson City, TN | $11,769,586 | $11,612,147 |
Legacy Link Inc Oakwood, GA | $6,797,475 | $15,898,819 |
Appalachian Agency For Senior Citizens Cedar Bluff, VA | $13,226,617 | $17,944,269 |
The 60 Plus Association Inc Alexandria, VA | $451,230 | $11,797,770 |
Community Services For The Aging Inc Spartanburg, SC | $6,254,795 | $11,281,372 |
Aging Disability & Transit Services Of Rockingham County Reidsville, NC | $8,070,642 | $11,439,316 |
Senior Connections The Capital Area Agency On Aging Richmond, VA | $3,890,692 | $8,738,746 |
Senior Services Inc Winstonsalem, NC | $22,278,206 | $15,636,681 |
Senior Solutions Anderson, SC | $13,549,787 | $8,561,029 |
Resources For Seniors Raleigh, NC | $2,163,318 | $7,658,467 |
Middle Flint Council On Aging Inc Americus, GA | $21,707,476 | $7,638,632 |